Zacks Research Has Optimistic Outlook of NMI Q2 Earnings

NMI Holdings Inc (NASDAQ:NMIH) – Investment analysts at Zacks Research increased their Q2 2026 earnings estimates for NMI in a research note issued to investors on Tuesday, April 21st. Zacks Research analyst Team now expects that the financial services provider will post earnings of $1.32 per share for the quarter, up from their prior forecast of $1.31. The consensus estimate for NMI’s current full-year earnings is $5.12 per share. Zacks Research also issued estimates for NMI’s Q3 2026 earnings at $1.31 EPS, Q4 2026 earnings at $1.29 EPS, FY2026 earnings at $5.13 EPS and Q1 2028 earnings at $1.36 EPS.

NMI (NASDAQ:NMIH) last released its quarterly earnings data on Tuesday, February 10th. The financial services provider reported $1.20 EPS for the quarter, topping analysts’ consensus estimates of $1.17 by $0.03. NMI had a net margin of 55.05% and a return on equity of 15.78%. The firm had revenue of $180.74 million during the quarter, compared to analysts’ expectations of $180.69 million. During the same period in the previous year, the business posted $1.07 earnings per share.

Several other equities analysts also recently commented on the stock. JPMorgan Chase & Co. decreased their price target on shares of NMI from $44.00 to $43.00 and set an “overweight” rating on the stock in a research note on Thursday, April 9th. UBS Group set a $43.00 price target on shares of NMI in a research note on Monday, January 12th. Keefe, Bruyette & Woods upped their price target on shares of NMI from $48.00 to $50.00 and gave the company an “outperform” rating in a research note on Friday, April 10th. Weiss Ratings restated a “buy (b)” rating on shares of NMI in a research note on Thursday, January 22nd. Finally, Barclays cut their price objective on shares of NMI from $44.00 to $43.00 and set an “equal weight” rating for the company in a research report on Monday, April 6th. Four analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $43.20.

NMI Trading Up 1.3%

NMIH stock opened at $40.28 on Wednesday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.57 and a current ratio of 0.57. The company’s 50-day simple moving average is $38.52 and its 200 day simple moving average is $38.39. NMI has a 52 week low of $33.11 and a 52 week high of $43.20. The company has a market capitalization of $3.07 billion, a PE ratio of 8.20, a price-to-earnings-growth ratio of 1.15 and a beta of 0.64.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in NMIH. Bank of America Corp DE increased its stake in shares of NMI by 95.3% in the third quarter. Bank of America Corp DE now owns 1,014,557 shares of the financial services provider’s stock valued at $38,898,000 after buying an additional 495,144 shares during the period. River Road Asset Management LLC acquired a new position in shares of NMI in the fourth quarter valued at approximately $15,104,000. BNP Paribas Financial Markets increased its stake in shares of NMI by 184.3% in the second quarter. BNP Paribas Financial Markets now owns 427,397 shares of the financial services provider’s stock valued at $18,032,000 after buying an additional 277,065 shares during the period. Ameriprise Financial Inc. increased its stake in shares of NMI by 85.7% in the third quarter. Ameriprise Financial Inc. now owns 600,139 shares of the financial services provider’s stock valued at $23,009,000 after buying an additional 276,897 shares during the period. Finally, Jane Street Group LLC increased its stake in shares of NMI by 1,312.9% in the first quarter. Jane Street Group LLC now owns 224,152 shares of the financial services provider’s stock valued at $8,081,000 after buying an additional 208,287 shares during the period. Institutional investors and hedge funds own 94.12% of the company’s stock.

Insider Transactions at NMI

In other news, Chairman Bradley M. Shuster sold 55,000 shares of the stock in a transaction dated Wednesday, February 18th. The shares were sold at an average price of $39.63, for a total value of $2,179,650.00. Following the completion of the transaction, the chairman owned 415,411 shares of the company’s stock, valued at approximately $16,462,737.93. This represents a 11.69% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Norman Peter Fitzgerald sold 22,500 shares of the stock in a transaction dated Tuesday, February 17th. The stock was sold at an average price of $39.94, for a total transaction of $898,650.00. Following the completion of the transaction, the executive vice president directly owned 32,445 shares of the company’s stock, valued at $1,295,853.30. This trade represents a 40.95% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 189,412 shares of company stock valued at $7,357,746. 2.44% of the stock is currently owned by insiders.

NMI Company Profile

NMI Holdings, Inc (NASDAQ: NMIH) is a publicly traded mortgage insurance company that provides private mortgage insurance to lenders across the United States and Canada. Through its principal subsidiary, National Mortgage Insurance Corporation, NMI underwrites and issues policies that protect originators and investors against losses arising from borrower default on residential mortgage loans. By mitigating credit risk on higher‐loan‐to‐value mortgages, the company supports homebuyers’ access to financing and contributes to overall market liquidity.

Beyond its core mortgage insurance products, NMI offers credit risk‐sharing and reinsurance solutions designed to help clients optimize capital utilization and manage portfolio exposure.